JPMorgan Chase & Co. Sells 36,288 Shares of Toyota Motor Co. (NYSE:TM)

JPMorgan Chase & Co. lowered its stake in shares of Toyota Motor Co. (NYSE:TM) by 41.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 52,058 shares of the company’s stock after selling 36,288 shares during the period. JPMorgan Chase & Co.’s holdings in Toyota Motor were worth $9,296,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Toyota Motor by 7.3% during the 3rd quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock valued at $55,632,000 after purchasing an additional 21,092 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Toyota Motor by 2.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after buying an additional 160,720 shares during the last quarter. Atom Investors LP purchased a new position in shares of Toyota Motor in the 3rd quarter worth approximately $841,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Toyota Motor in the 3rd quarter worth approximately $664,000. Finally, Moran Wealth Management LLC boosted its stake in shares of Toyota Motor by 62.4% in the 3rd quarter. Moran Wealth Management LLC now owns 27,433 shares of the company’s stock worth $4,899,000 after buying an additional 10,545 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Price Performance

Toyota Motor stock opened at $183.46 on Tuesday. Toyota Motor Co. has a 12 month low of $159.04 and a 12 month high of $255.23. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The business’s 50 day simple moving average is $179.62 and its 200 day simple moving average is $182.29. The company has a market cap of $247.20 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.31 and a beta of 0.63.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing the consensus estimate of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The firm had revenue of $76.92 billion during the quarter, compared to analysts’ expectations of $79.78 billion. Sell-side analysts forecast that Toyota Motor Co. will post 21.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.